Finance Act, 1928
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Charge to sur-tax. |
3.—(1) In addition to the income tax charged at the rate prescribed for any year there shall be charged, levied, and paid for that year in respect of the income of any individual, the total of which from all sources exceeds two thousand pounds, an additional duty of income tax (in this Act referred to as sur-tax) at the rate or rates prescribed by the Oireachtas for that year. | |
(2) Sur-tax shall be due and payable on or before the 1st day of January next after the end of the year of assessment, except that sur-tax or any part of sur-tax included in an assessment which is signed and allowed on or after the said 1st day of January shall be deemed to be due and payable on the day next after the day on which the assessment is signed and allowed. | ||
(3) All the provisions of the Income Tax Acts which were in force during the year beginning on the 6th day of April, 1927, shall in so far as they relate to super-tax or to any matter or thing touching super-tax continue to have effect and be construed as relating to sur-tax and to the similar matter or thing touching sur-tax, subject to the amendments made therein by this Act and subject to the following modifications, that is to say:— | ||
(a) sub-section (1) of section 5 of the Income Tax Act, 1918, shall have effect as though the words “for the previous year” were omitted therefrom, | ||
(b) sub-section (2) of section 5 of the said Act shall have effect as though the words “for any year” and the words “for the following year” were omitted therefrom, | ||
(c) sub-section (3) of section 5 of the said Act shall have effect as though the words “of the previous year” were omitted therefrom, | ||
(d) section 6 of the said Act shall not have effect, | ||
(e) sub-section (3) of section 7 of the said Act shall have effect as though the words “following the year” were inserted therein before the words “for which super-tax is chargeable,” and | ||
(f) sub-section (1) of section 8 of the said Act as amended by section 26 of the Finance Act, 1919 , shall have effect as though the words “the year following the year of assessment” were inserted therein in lieu of the words “any year of assessment.” |